Question

Stella bought 14 purses for $50. The next day she bought 2 more for a total of $38. What was the mean cost per purse?

Answer 1

$48.5

Explanation:

Given data

Number of purses= 14+2= 16

Cost of 14 purses= $50

Cost of 2 purses= $38

Let us use the weighted cost method

Mean cost = (14*50+ 2*38)/16

Mean cost = (700+ 76)/16

Mean cost = 776/16

Mean cost =$48.5